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Learn about the costs associated with hiring a lawyer to handle your personal injury case – and when it makes sense.
Lawyers' Fees in Your Personal Injury Case – AllLaw.com – In most personal injury cases, a lawyer will charge a contingency fee. This system allows the injured party to hire an experienced lawyer without having to front the cost of legal fees. In a contingency fee arrangement, a lawyer's fees will be deducted from the final settlement in your case — or from the final verdict at trial.
Typical costs: Personal injury lawyers typically work on a contingency basis, meaning they are only paid if there is a favorable settlement or court order, typically taking 15%-40% of any money received.
In the majority of cases, a personal injury lawyer will receive 33.33% (or one third) of any settlement. For example, if you receive an offer of $30,000 from the wrongdoer or his insurance company in your case, you will receive $20,000 and your lawyer will receive $10,000.
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In personal injury cases, a lawyer’s fee is usually 33% to 40% of the amount the lawyer gets for the client. and by the time expenses are also subtracted, the client sometimes takes home much less …